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coming to personal income tax rates I have two announcements to make for those opting for the new tax regime first the standard deduction for salaried employees is proposed to be increased from 50,000 to 75,000 rupees similarly deduction on family pension for pensioners is proposed to be enhanced from 15,000 to 25,000 rupees this will provide relief to about 4 CR salaried individuals and pensioners second in the new tax regime the tax rate structure is proposed to be revised as follows 0 to 3 lakh rupees nil 3 to 7 lakh rupees 5% 7 to 10 lakh Rupees 10% 10 to 12 lakh rupees 15% 12 to 15 lakh rupees 20% and above 15 lakh rupees 30% as a result of these changes a salaried employee in the new tax regime stands to save up to 17,500 rupees in income tax apart from these Iamp;#39;m also making some other changes as given in the anexa as a result of these proposals review of about 30 Revenue of about 37,000 CR that is 29,000 CR in direct taxes and 8,000 CR in indirect taxes will be f